Vehicle dispatches to dealers fall 19%, worst drop in 19 years

The 18.7% decline in July auto sales is the biggest monthly decline in nearly 19 years, compared with 12.3% in the previous month. Players blame economic slowdown and liquidity crunch for the slump as wholesale dispatches to dealerships dropped the most in nearly two decades, or since the 22% decline in December 2000. Sales continue to drop despite discounts.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2OVmcOF